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Apr 28, 2014
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bank of america has $2 trillion of assets. it's been multiples bigger than it was a decade ago pre-crisis. how can you get your arms around a company such as that. trying to be conservative. just don't think they are able to do so. you can't take the legal charges until they are likely and you can estimate them so i still think there's more charges still to come. >> are you going to lay the blame at the feet of the chairman, he should have responsibility for this or is it strictly unmanageable in. >> we need to hold accountable the board of directors and the chairman to see what kind of assurance he can provide. the ceo and management dealt a bad hand, a tough position to manage. having said that, could they have done better and done better with investors in the ex-cfo of bank of america settled with the government for not disclosing more of the losses at merrill lynch. this isn't the first time that bank of america has got ebb its numbers wrong. >> bottom line, mike, what should investors do here. >> exactly. briefly here. >>
bank of america has $2 trillion of assets. it's been multiples bigger than it was a decade ago pre-crisis. how can you get your arms around a company such as that. trying to be conservative. just don't think they are able to do so. you can't take the legal charges until they are likely and you can estimate them so i still think there's more charges still to come. >> are you going to lay the blame at the feet of the chairman, he should have responsibility for this or is it strictly...
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Apr 28, 2014
04/14
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bank of america plans to resubmit the numbers by may 27. it said it would altar existing capital levels by around 30 basis points. if you look at this chart, the problem how those revised levels then fare under the fed's extreme stress scenarios. they don't want the bank to give any more capital to shareholders until it knows the bank would pass those levels. executives on a call this morning made sure to reassure their parties this was a finite problem and one that could be fixed, in their estimation fairly easy now that they have self-identified it. analysts seem to agree with it. morgan stanley says the sell-off is too punitive and another says it is not a long term threat. it believes bank of america will be able to reinstate that capital program once they resubmit that plan and not the same as citi group stock and investors seem to be giving back today as they chew through this news. >> too punitive, you think it's too punitive because you're jumping in. >> i bought it on the open just above 15. if it breaks 15 i will buy more. this se
bank of america plans to resubmit the numbers by may 27. it said it would altar existing capital levels by around 30 basis points. if you look at this chart, the problem how those revised levels then fare under the fed's extreme stress scenarios. they don't want the bank to give any more capital to shareholders until it knows the bank would pass those levels. executives on a call this morning made sure to reassure their parties this was a finite problem and one that could be fixed, in their...
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Apr 30, 2014
04/14
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i rebought my bank america. so a lot of things have to happen, that rotation out of the hopeful growth and into energy has to reverse. >> yeah, steve liesman, with the read on this really ugly gdp report, backward-looking for certain, raising big questions going forward, though, about what it really means as to where we are and what that all means to the market view in the weeks and months ahead. >> i think there's reason to have some doubt about the economy here, but i think overall the impression is that a big chunk of this was related to the weather. how much, unclear. we were looking for 1.1. we got 0.1. a couple of key estimates in this that don't actually have data in it. trade and inventory, estimated by the government, there isn't actual data. what people are looking to right now is the more recent data that's come out, the left backward-looking stuff, and some more recent than others. it's been better. and it's really playing along to the script of a snapback. >> mike, if you're bullish the market, you
i rebought my bank america. so a lot of things have to happen, that rotation out of the hopeful growth and into energy has to reverse. >> yeah, steve liesman, with the read on this really ugly gdp report, backward-looking for certain, raising big questions going forward, though, about what it really means as to where we are and what that all means to the market view in the weeks and months ahead. >> i think there's reason to have some doubt about the economy here, but i think...
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Apr 27, 2014
04/14
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what does america's report card mean to you and broader economy? alison deans and senior columnist at yahoo! financing. great to see you both. we're halfway through and there has been a lot of surprises. what do you think so far about how this earnings season is shaping up? >> it's turning out to be as frustrating as the past several months have been. there's a biased towards a positive but it's not overwhelmingly positive. there isn't a clear indication out there that the economy is really picking up speed, picking up steam. two-thirds of the companies reported better than expected results but not incredibly better than expected results. more of the confusion. >> i will say, i have been pleasantly surprised maybe because my expectations were so low coming into this, there have some that seem -- the industrials in particular have more steam than expected. >> that has been the theme. expectations were beaten down low and had a noisy first quarter with the weather effects. we didn't know if it was a real slowdown in the making or not of the and the r
what does america's report card mean to you and broader economy? alison deans and senior columnist at yahoo! financing. great to see you both. we're halfway through and there has been a lot of surprises. what do you think so far about how this earnings season is shaping up? >> it's turning out to be as frustrating as the past several months have been. there's a biased towards a positive but it's not overwhelmingly positive. there isn't a clear indication out there that the economy is...
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Apr 16, 2014
04/14
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righ. >>> bank of america about to report. will the financial giant impress investors with its results neighborhood, china's economy slows to an 18 month low, it's stronger than expected. stephen roach on china's growth and how it will impact the u.s. economy. kentucky wildcats coach john calipari knows how to pick blue chip athletes. now he's about to enter the "squawk" court as "squawk box" begins right now. good morning, welcome to "squawk box" right here on cnbc. i'm andrew. take a look at the futures, see how the market is setting up on the wednesday morning, s&p 500 looking higher, at the moment about 11 points higher. the nasdaq looks like it will open higher about 30 points higher as well. also, let's take a quick look at the ten-year as we wait, we will see numbers in just about a moment coming across the wire 2.646 is the number. >> we are looking at. >> banc of america. >> the lots of a nickel. the estimate was for a profit of a nickel revenue at 22.57 billion. that's above the 22.330 bele that people were looking,
righ. >>> bank of america about to report. will the financial giant impress investors with its results neighborhood, china's economy slows to an 18 month low, it's stronger than expected. stephen roach on china's growth and how it will impact the u.s. economy. kentucky wildcats coach john calipari knows how to pick blue chip athletes. now he's about to enter the "squawk" court as "squawk box" begins right now. good morning, welcome to "squawk box" right...
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Apr 3, 2014
04/14
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bank of america. i like bank of america, too. both. i have spirit and bank of america. it's a merger. >> amazing. dan? >> i think some of the high valuation momentum names. i think they continue to roll. i don't think the s&p has to crater right here. i bought puts in tan. i think solar has a way to go lower. >> that faux sausage. this is guy's quote, it felt like sausage. >> put that in your book. gm traded well today. i like gm. >> i'm melissa lee. thank you for for more fast. meantime, "mad money" with jim cramer starts right now. >>> my mission is simple. to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere. and i promise to help you find it. "mad money" starts now. hey, i'm cramer! welcome to "mad money." welcome to cramerica. other people want to make funds, just trying to make you a little money. my job is not just to entertain you, but to educate you, so call me at 1-800-743-cnbc, or tweet me @jimcramer. now declining less than a point, s&p dropping, nasdaq plunging 0.91%. i think it's time to reflect o
bank of america. i like bank of america, too. both. i have spirit and bank of america. it's a merger. >> amazing. dan? >> i think some of the high valuation momentum names. i think they continue to roll. i don't think the s&p has to crater right here. i bought puts in tan. i think solar has a way to go lower. >> that faux sausage. this is guy's quote, it felt like sausage. >> put that in your book. gm traded well today. i like gm. >> i'm melissa lee. thank you...
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Apr 20, 2014
04/14
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citi beasting expectations as did bank of america, goldman sachs and morgan stanley. yahoo! and intel came in ahead, ibm met and google missed. a strong retail sales number for march, rising by more than 1%,s the biggest gain since september of 2012 and ahead of expectation. retail sales is always an important number becauseco consumers make up more than two-thirds of the u.s. economy. housing starts jumped nearly 3% in march, driven by single family home sales. improved weather helped push the number, but it was slightly weaker than what economists had forecast. >>> janet yellin speaks, a volatile weeks for the market and it is earning season so what does it all mean for your money? jiening us, assistant editor and columnist at "financial times" and chief u.s. economist at morgan stanley. folks, thank you for being here. vincent, i want to talk to you about the markets. we are looking at hundreds of point sping swings during the dow, multiple percentage points for the nasdaq. is this good or bad? >> whenever market participants think the direction of policy will be changing
citi beasting expectations as did bank of america, goldman sachs and morgan stanley. yahoo! and intel came in ahead, ibm met and google missed. a strong retail sales number for march, rising by more than 1%,s the biggest gain since september of 2012 and ahead of expectation. retail sales is always an important number becauseco consumers make up more than two-thirds of the u.s. economy. housing starts jumped nearly 3% in march, driven by single family home sales. improved weather helped push the...
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Apr 25, 2014
04/14
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ford cut their outlook on south america. >> south america is bad. other than -- >> colegate -- >> despite the world cup and olympics, that economy given what it was five years ago and everybody saying about it. >> blown opportunity. just crazy. >> when you look at the shortfalls for the oil service companies it's because petra is not spending money, valet won a gigantic decision, against brazil. everything is going wrong and you got the -- the big spend on the stadiums. venezuela, supposed to have gotten better after chavez, has gotten worse. argentina cloy sterred. latin america is bad. thank heaven for colegate picking up good numbers there. >> we'll try to get to those later on. cramer's mad dash as we countdown to the opening bell. we'll talk about coffee, tea and profits with the chairman and ceo of starbucks, howard schultz. that's coming up this hour. take one more look at the premarket and get the final opening bell of the week in about 11 minutes. out 11 minuteso mission a for a final go. this is for real this time. step seven point two one
ford cut their outlook on south america. >> south america is bad. other than -- >> colegate -- >> despite the world cup and olympics, that economy given what it was five years ago and everybody saying about it. >> blown opportunity. just crazy. >> when you look at the shortfalls for the oil service companies it's because petra is not spending money, valet won a gigantic decision, against brazil. everything is going wrong and you got the -- the big spend on the...
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Apr 17, 2014
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north america held up, sales at 1.2%. bad news for beverages continue, recommenmy down, down 2.3% and down as well. >>> the group pointed to adverse currency effects as it saw sales dip 2.2% to 3.38 billion euros. last put not least, s&p down this morning. the softwaremaker fell foul of the strong euro. speaking to "squawk box" earlier, the co-ceo bill mcdermott says ed concerned about recent developments in russia. >> it slowed down a lot. i mean, it's a very fast growth market for us. it's our third largest market globally. we have a lot of employees there. we have a lot of customers there and we care deeply about the situation. >> that's bill's view on that. we've also seen the japanese government downgrading its assessment of the recovery in its monthly report. is says the tax hike on the consumption is weighing on consumption and housing construction as you might suggest. so it's the downgrade assessment for the first time since november 2012. in it's latest monthly report, they say a pull back in private consumption
north america held up, sales at 1.2%. bad news for beverages continue, recommenmy down, down 2.3% and down as well. >>> the group pointed to adverse currency effects as it saw sales dip 2.2% to 3.38 billion euros. last put not least, s&p down this morning. the softwaremaker fell foul of the strong euro. speaking to "squawk box" earlier, the co-ceo bill mcdermott says ed concerned about recent developments in russia. >> it slowed down a lot. i mean, it's a very fast...
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Apr 28, 2014
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jeff hart follows bank of america. great to see you with us. >> good to be here. >> this is reputational. isn't the business of a bank of an investment bank that does investment banking business to calculate things correctly? they didn't do it for themselves. >> this may be an indicate caio how much more complex it has gotten. 27 basis points have changed. by suspending the buyback a couple of quarters they eventually get that back. it's not life-threatening. the stocks sold off a lot. i'm still having trouble getting exciting. you now have the dividend not going up as expected. there's a lot of retail ownership and capital uncertainty. that's been introduced as well. i think -- actually one of the investment themes has been it's an underappreciated capital return story. in the near term these going to be put on the side. i think some of the things that have propelled the performance come into question today. i wouldn't be surprised we see some more down side. >> so if you don't like bank of america, you're selling bec
jeff hart follows bank of america. great to see you with us. >> good to be here. >> this is reputational. isn't the business of a bank of an investment bank that does investment banking business to calculate things correctly? they didn't do it for themselves. >> this may be an indicate caio how much more complex it has gotten. 27 basis points have changed. by suspending the buyback a couple of quarters they eventually get that back. it's not life-threatening. the stocks sold...
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Apr 16, 2014
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has america seen that? >> it's almost like a -- >> america seen that thing? >> erin burnett tells me, take it out. here's the prescriptions by the way. >> it's not that bad total. >> usually a costanza wallet. >> i'm getting rid of it. i always wear it in the front it hurts your back if you wear it in the back. >> talk about that in your back pocket. >> one day it's going to go -- >> like moelis' wallet. >> although did price below the range of 25, $1.2 billion overall evaluation. we'll be speaking to ken moelis when that opens up. >> you have him here. >> he's definitely going to be here. i haven't laid eyes on him yet. >> you broke the story. >> but we certainly will have him around 10:15 this morning. yahoo! it spiked in the premarket after posting earnings and sales that were slightly ahead of expectations. ceo marisa myers believes the company's core business is in the midst of stable to modest growth, but really, what was important here is ali baba, reported accelerated revenue growth in 2014. i talked a lot about this yesterday being the key to yahoo!'
has america seen that? >> it's almost like a -- >> america seen that thing? >> erin burnett tells me, take it out. here's the prescriptions by the way. >> it's not that bad total. >> usually a costanza wallet. >> i'm getting rid of it. i always wear it in the front it hurts your back if you wear it in the back. >> talk about that in your back pocket. >> one day it's going to go -- >> like moelis' wallet. >> although did price below the...
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Apr 16, 2014
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with all the talk of america's energy revolution. but then you may be wronged. it's not getting the respect it deserves on the street. es on th. we did a 27-point inspection on your chevy,ce, you got new tires and our price match guarantee. who's this little guy? that's birney. oh, i bet that cone gives him supersonic hearing. watch what you say around him. i've been talking a lot about his procedure... (whispering) what? get our everyday price match guarantee plus a $100 rebate on 4 select tires from your tire experts. chevy certified service. could save you fifteen percent or more on car insurance.s everybody knows that. well, did you know bad news doesn't always travel fast? (clears throat) hi mister tompkins. todd? you're fired. well, gotta run. geico. fifteen minutes could save you fifteen percent or mor >>> never underestimate the power of hate. when you have a company that's been tannished with a stock that's really and truly despised. you can catch some incredible gains once that company brings in new management and start turning things around. why? no o
with all the talk of america's energy revolution. but then you may be wronged. it's not getting the respect it deserves on the street. es on th. we did a 27-point inspection on your chevy,ce, you got new tires and our price match guarantee. who's this little guy? that's birney. oh, i bet that cone gives him supersonic hearing. watch what you say around him. i've been talking a lot about his procedure... (whispering) what? get our everyday price match guarantee plus a $100 rebate on 4 select...
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Apr 10, 2014
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because the two biggest pieces of news in america today, america, were positive. the first, how about the lowest jobless claims number in ages? that's right, jobless claims went down by 32,000, just 300,000. do you know that's the lowest since 2007? yeah. we're finally back to where we were before the great recession! now, you think the market would cheer an economy that's finally generating jobs. i'm pretty sure there were people who thought we'd never get back to this level of job creation. that's how dismal and negative the collective mindset of america has gotten. but cheering an economy and cheering up a stock market are two different things. when we finally got what we wished for, people suddenly sold stocks. now, normally, i'd say i get that, i get the scenario typically when the economy improves, interest rates rise, right. so the stronger competition from bonds knocks stocks down, particularly the ones that have good yields, right? they're no longer competitive. that's been the pattern i've seen since 1981. but it's not what happened today. no, in a total
because the two biggest pieces of news in america today, america, were positive. the first, how about the lowest jobless claims number in ages? that's right, jobless claims went down by 32,000, just 300,000. do you know that's the lowest since 2007? yeah. we're finally back to where we were before the great recession! now, you think the market would cheer an economy that's finally generating jobs. i'm pretty sure there were people who thought we'd never get back to this level of job creation....
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Apr 3, 2014
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tearing down america, to build up china. literally. let's say you pay your guy around 2 percent to manage your money. that's not much, you think except it's 2 percent every year. does that make a difference? search "cost of financial advisors" ouch! over time it really adds up. then go to e*trade and find out how much our advice costs. spoiler alert. it's low. really? yes, really. e*trade offers investment advice and guidance from dedicated professional financial consultants. it's guidance on your terms not ours that's how our system works. e*trade. less for us, more for you. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. >>> a ne
tearing down america, to build up china. literally. let's say you pay your guy around 2 percent to manage your money. that's not much, you think except it's 2 percent every year. does that make a difference? search "cost of financial advisors" ouch! over time it really adds up. then go to e*trade and find out how much our advice costs. spoiler alert. it's low. really? yes, really. e*trade offers investment advice and guidance from dedicated professional financial consultants. it's...
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Apr 16, 2014
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on the earnings front, bank of america and u.s. bankcorp report before the bell, after the close we'll hear from american express, google and ibm. as for u.s. futures they're indicating a higher start today as well. we saw u.s. markets ticking higher by the close, the dow up 90 points. right now it's caught up another 90 points. s&p is currently trading 11 points above fair value and the nasdaq is some 32 points above fair value. intel's first quarter profit, slightly shy of estimates. intel is seeing improvements in its pc business and solid demand for chips used in tablets. the company sought 5 million tablet processes during the quarter. pc revenues were down 1% and intel still expects shipments to decline slightly this year. >> what we're seeing in the pc market is we're seeing stabilization there and in fact we're seeing pockets of strength in the data center, which is the cloud that services all of these devices and new services we're seeing robust levels of growth. >> that was the cfo. on a program note -- programming note,
on the earnings front, bank of america and u.s. bankcorp report before the bell, after the close we'll hear from american express, google and ibm. as for u.s. futures they're indicating a higher start today as well. we saw u.s. markets ticking higher by the close, the dow up 90 points. right now it's caught up another 90 points. s&p is currently trading 11 points above fair value and the nasdaq is some 32 points above fair value. intel's first quarter profit, slightly shy of estimates....
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Apr 28, 2014
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most basic freedoms. >> thank god for america! >> all: pass the law! >> to others, the ar-15 is an obscenity, an assault weapon with no justifiable place in civilian hands. >> you don't need an ar-15.
most basic freedoms. >> thank god for america! >> all: pass the law! >> to others, the ar-15 is an obscenity, an assault weapon with no justifiable place in civilian hands. >> you don't need an ar-15.
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Apr 4, 2014
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somebody needs to stand up for america. >> let me ask my pal, austan goolsbee. >> i do stand up for america. it's the greatest. it's amazing our economy is doing this good considering everybody driving it is holding the steering wheel this way and looking this >> austin goldsby, what do we need to do to get economic growth minimal 3.5, 4%? >> the key is we have to be growing fast for that to happen. i think the good news is that over the last four or five months, i think washington for the first time is becoming less and less important for what the growth trajectory of the economy is going to be. i think if you look at the jobs numbers or the gdp, the fiscal drag is going away. the focus is going on to the energy sector, going to manufacturing, business services coming back. we're finally getting back to a more normal let the private sector lead the way. >> austan -- >> come on. >> how things change, mr mr. goolsbee. >> you and ron. >> i said that at the white house. >> maybe it's because you've seen what the governor has been able to do in illinois. >> i want to either abolish or substanti
somebody needs to stand up for america. >> let me ask my pal, austan goolsbee. >> i do stand up for america. it's the greatest. it's amazing our economy is doing this good considering everybody driving it is holding the steering wheel this way and looking this >> austin goldsby, what do we need to do to get economic growth minimal 3.5, 4%? >> the key is we have to be growing fast for that to happen. i think the good news is that over the last four or five months, i think...
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Apr 4, 2014
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you saw places that, you know, latin america was rallying that political polls were so low, the deal isn't emerging. things were oversold. can you own emerging here? i would be selling brazil. i would be buying cheaper parts of the emerging spectrum. emerging is a place where i think you should be looking, but you should have been looking two weeks ago. can you still look? absolutely. the spread against the s&p is how i would play that right now. >> lot of folks at home, tonight, thinking, you know what, major pullback, what should i get into come monday? >> for right now, i'm not 100% sure of what the market is going to do. what i could do, is short the slf. the whole reason to be in the banks because the economy was going to improve, it doesn't look like that's happening. i would short xlf. >> everyone thought you had to throw out em, they brought it back. everybody thought you had to throw out the housing sector. kbh's a name has exposure to california and texas, two great areas of strength for housing. >> the job market seems to be improving albeit pretty pa thetically but improv
you saw places that, you know, latin america was rallying that political polls were so low, the deal isn't emerging. things were oversold. can you own emerging here? i would be selling brazil. i would be buying cheaper parts of the emerging spectrum. emerging is a place where i think you should be looking, but you should have been looking two weeks ago. can you still look? absolutely. the spread against the s&p is how i would play that right now. >> lot of folks at home, tonight,...
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Apr 28, 2014
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>> i think it's the most exciting neighborhood turnaround in america. i used to be council member for hollywood. and downtown is going through the same renaissance, indicative of l.a.'s new energy. the highest rate of entrepreneurialism, and we speak every language, the best food, the best content is now downtown los angeles. who would have thought, because it used to be a place that people worked in, and vacated at night. for peoplely there, another 50,000 from a decade ago. we're going to continue to go forward. >> it's incredible. literally from a flophouse to a million condo in less than -- >> and great companies. great prell preneuro. she moved her company to downtown los angeles. it's hip, happening. there's bars, restaurants. this is a place that people want to be to experience that urban life, but at a discount to new york or san francisco. >>> annual finally the issue of taxes. this is cnbc, we like to talk about the economy and taxes. the economy, the movie and film industry, by the way, we're part of nbc universal, so we're in the game. a lot
>> i think it's the most exciting neighborhood turnaround in america. i used to be council member for hollywood. and downtown is going through the same renaissance, indicative of l.a.'s new energy. the highest rate of entrepreneurialism, and we speak every language, the best food, the best content is now downtown los angeles. who would have thought, because it used to be a place that people worked in, and vacated at night. for peoplely there, another 50,000 from a decade ago. we're going...
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Apr 21, 2014
04/14
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it's the idea of america to have capitalism. in fact, it's better for the country. >> yeah, but the cable companies are paying the retransmission fees. they're at least playing by the rules. >> what if aereo paid fees for it? would that settle this? >> well, i think it would. but they somehow believe they're above the law and not beholden to anyone other than end users who are paying for something which they are stealing from the broadcasters. >> barry, what do you think is the impact of the age of the supreme court? for those of you under 30, i make this joke. but there is broadcast television, right, that you don't need a cable box to watch. you can actually just plug in a tv and there's, like, eight or ten channels. >> actually -- >> transmitted in hd. >> 20% of the country needs antennas. they can't get cable anywhere. >> right. so what impact is it that so many of the supreme court remember that long before there was cable, there was free television, barry? do you think that has an impact? >> well, it does. abc and cbs have
it's the idea of america to have capitalism. in fact, it's better for the country. >> yeah, but the cable companies are paying the retransmission fees. they're at least playing by the rules. >> what if aereo paid fees for it? would that settle this? >> well, i think it would. but they somehow believe they're above the law and not beholden to anyone other than end users who are paying for something which they are stealing from the broadcasters. >> barry, what do you think...
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Apr 9, 2014
04/14
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similarly, bank of america has it in their transfers. we'll be rolling out with additional banks such as capital one, jpmorgan chase, and others. >> for the first couple of years, it was a loosely structured jv, no clear headquarters. you joined as ceo in september. i'm wondering what size staff you have, what sort of capital you're working with. and just how big this network is that maybe a lot of consumers don't know about. >> so we are based in san francisco, as you said, have about 35 employees. we see this as a huge market for us. there's $900 billion in person-to-person payments in the u.s. every year, most in cash and check, and that's what we're going after in terms of the size. >> but when you think about the actual number of customers, as some of the banks, you have bank of america, wells fargo, chase, these are some of the biggest financial institutions, and i saw a stat you guys have 90 -- access to 95 million customers' bank accounts through this system. what type of market do you have access to as clear exchange? are we tal
similarly, bank of america has it in their transfers. we'll be rolling out with additional banks such as capital one, jpmorgan chase, and others. >> for the first couple of years, it was a loosely structured jv, no clear headquarters. you joined as ceo in september. i'm wondering what size staff you have, what sort of capital you're working with. and just how big this network is that maybe a lot of consumers don't know about. >> so we are based in san francisco, as you said, have...
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Apr 29, 2014
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every company in america, corporate america, if you will. that's a growth proposition. so these things like flash trading, dark pools, so on, should and do mean nothing to the long-term investor. they're simply things that traders get trapped by. . before we let you go, what is your view of stock prices today, highly priced, fayly priced. value priced? >> as somewhere between fairly priced and highly priced. not so much highly priced that i would say get out today, because as people have come to learn, if you get out today, who's going to tell you when to get back in tomorrow? i don't think we're on the verge of a great financial collapse or economic collapse, and we may be on the verge of even as much as a 25% market decline, who really knows? i i this the best advice is to ride it out and stay the course, fully invested by their own standards, and that is, 65 or 70% of the stocks. 25% or 35% in bonds, just hang on to that through thick and thin, with more bonds at the end of the period when they're living on the income, and more stocks at the beginning when they have
every company in america, corporate america, if you will. that's a growth proposition. so these things like flash trading, dark pools, so on, should and do mean nothing to the long-term investor. they're simply things that traders get trapped by. . before we let you go, what is your view of stock prices today, highly priced, fayly priced. value priced? >> as somewhere between fairly priced and highly priced. not so much highly priced that i would say get out today, because as people have...
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Apr 16, 2014
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bank of america does have a good trend in place. i think this is indicated by the rising slope of the 200-day moving average. i think that will lend support for the stock at around $15. on the other hand, i'm a bit concerned a lot of formidable resistance around $1. that was the stock's 2010 peak. i prefer to play the banks already above those 2010 levels. a lot of the regional names in particular pop up on my screen. regions financial. >> so far to call that a technical meh, and fundamental don't own the stock, not a boost of confidence. >> and he took over for your buddy carter wirth. >>> be sure to check out the online edition part of our partnership with yahoo financial. >>> coming up, they are redesigning the s.a.t. questions again. we will give you a sample question and tell you why they're doing it. >>> airline stocks did great in bad weather. why are they well off their highs in good weather? before we file or flight plan, let's go over to kelly and bill on what's coming up. >> yeah, we're looking at stocks rallies for a thi
bank of america does have a good trend in place. i think this is indicated by the rising slope of the 200-day moving average. i think that will lend support for the stock at around $15. on the other hand, i'm a bit concerned a lot of formidable resistance around $1. that was the stock's 2010 peak. i prefer to play the banks already above those 2010 levels. a lot of the regional names in particular pop up on my screen. regions financial. >> so far to call that a technical meh, and...
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Apr 6, 2014
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are america's public markets really for the public? a renewed debate on fairness and frequency when it comes to what makes the stock market tick and what it means to your nest egg. >>> a slack labor market is forcing some americans to live from gig to gig. we'll talk to two entrepreneurs who explain why that's actually a good thing for workers and for the economy. >>> and as we go to the break, a look at how the stock market ended the week. >>> critics of high-frequency trading say these traders are scalping pennies from investors. but it is more complicated. say through your discount brokers you send in an order to buy 100 shares of ibm. that order is likely routed to a marketmaker who will internalize the order, that is try to match your buy order with an equal sell order from their own inventory. in the unlikely event they can't match the order, it will be sent out to a stock exchange, like this one, or possibly to a dark pool which is a private trading venue run mostly by private brokerage firms. there are over 30 exchange in over
are america's public markets really for the public? a renewed debate on fairness and frequency when it comes to what makes the stock market tick and what it means to your nest egg. >>> a slack labor market is forcing some americans to live from gig to gig. we'll talk to two entrepreneurs who explain why that's actually a good thing for workers and for the economy. >>> and as we go to the break, a look at how the stock market ended the week. >>> critics of...
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Apr 29, 2014
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that's a warning for people. >> i was going to say, you have boards all over america now worried about the future icahn. the next icahn. >> yeah, but he's probably, i would say, more likable. but, you know -- well, i think i'm a likable guy when i talk to people. >> has any of the criticism, carl, bothered you over the years? >> i have a lot of intellectual security. i mean, if somebody starts to -- i look at these criticisms and i i -- i just -- i'm sort of ignored to it. so i think who the hell are these guys to say what they're saying? >> when you're called the most disruptive individual in business, is that an honor? you wear that proudly? >> well, the way i define disruptive, it's an honor. i mean, i think being disruptive to a board and to a ceo that's doing a bad job is an honor to do that. it helps society. >> of all the fights you've been in over the years, is there one that stands out more than any other, your greatest success? >> reynolds tobacco, where i knew -- i knew that all you had to do was split that company up, and we'd make $1 billion. so that one was a big one for
that's a warning for people. >> i was going to say, you have boards all over america now worried about the future icahn. the next icahn. >> yeah, but he's probably, i would say, more likable. but, you know -- well, i think i'm a likable guy when i talk to people. >> has any of the criticism, carl, bothered you over the years? >> i have a lot of intellectual security. i mean, if somebody starts to -- i look at these criticisms and i i -- i just -- i'm sort of ignored to...
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Apr 14, 2014
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>> i like bank the america. i think the banks are worth buying here, and this one came down for no reason. >> john? you were the twitter -- you were the apple pick, right? >> i was the apple bull. >> you won? you guys set? congratulations. >> thank you. i will go with epb, which is el paso, a play i would go with right here. >> day before taxes, we talked about the unusual activity. i'm going with intuit. >> that's the final trade. that does it for us. have a great rest of the day, a beautiful day, by the way. for here "power lunch" starts right now. >>> halftime is over. "power lunch" and the second half of the trading day start right now. >> all right. thank you very much. last week the talk was all about corrections, maybe we should correct ourselves. is there a correction to be made on all that talk? today the bulls are back, but it's only monday, folks. the dow and the s&p 500, where are you? you're over here, folks, 154 points higher, about 1%, 17 points higher on the s&p. that's about 1%, and a 1% move fr
>> i like bank the america. i think the banks are worth buying here, and this one came down for no reason. >> john? you were the twitter -- you were the apple pick, right? >> i was the apple bull. >> you won? you guys set? congratulations. >> thank you. i will go with epb, which is el paso, a play i would go with right here. >> day before taxes, we talked about the unusual activity. i'm going with intuit. >> that's the final trade. that does it for us....
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Apr 24, 2014
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on our component side of our business, the americas region was the weakest of the three for components but at the same time they had some of our suppliers are highlighting pockets of strength in some very direct areas like high-end auto, et cetera, that normally aren't the domain for the distributors to service. >> what i've known about avnet is when avnet feels that things are one off or that there's just this moment where the stock is being misinterpreted, you do go back into the market. you have not bought back stock in the -- of any consequence in the last eight quarters, i thought that was right. the stock took off. you had told me $29, $30, that was interesting is this the kind of thing where you feel confident that perhaps that buy b.c. should be deployed given the fact that you're not cutting your demand forecast? >> yeah, we were very pleased with the cash flow for the quarter, jim, we thought that was one of the highlights and we are evaluating our value-based approach. remember, we treat buyback as -- think of it as an alternative form of acquisition opportunity and when we
on our component side of our business, the americas region was the weakest of the three for components but at the same time they had some of our suppliers are highlighting pockets of strength in some very direct areas like high-end auto, et cetera, that normally aren't the domain for the distributors to service. >> what i've known about avnet is when avnet feels that things are one off or that there's just this moment where the stock is being misinterpreted, you do go back into the...
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Apr 28, 2014
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obviously a big black eye out for bank of america this morning. i'll say, as you report this of the day, down almost 4%. thank you for bringing us the latest. april has been a volatile month. we have a special guest who says don't sell, just reallocate your money. >> steve cucciaro, we are talking about the largest adviser in the united states. they are owned by charles schwab. you are not releasing your cash allocation at this point. u.s. stocks have greatly out performed. we are pulling back and we think there are more opportunities. we think the playing field is being leveled. where are these opportunities. are you putting money into china? the other developed countries. barring any escalation, we think that germany is still a potential and even japan having a great year last year still has a further upside. how much influence does it have on the upside. hard to tell. where people should watch is not the politics as much as the threat of sanctions. for instance people ran into the japanese yen as a result of the asset. when it goes up and down
obviously a big black eye out for bank of america this morning. i'll say, as you report this of the day, down almost 4%. thank you for bringing us the latest. april has been a volatile month. we have a special guest who says don't sell, just reallocate your money. >> steve cucciaro, we are talking about the largest adviser in the united states. they are owned by charles schwab. you are not releasing your cash allocation at this point. u.s. stocks have greatly out performed. we are pulling...
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Apr 11, 2014
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and america personifies that. global america. >> gary, one of those global businesses, ibm, has been a sponsor of the masters for over a decade at this point. but augusta national has been mum on when it would extend membership to ibm's ceo, jenny, a woman. but they've invited the male ceos of ibm to have automatic memberships. i'm wondering what your take is on this matter? in 2012, augusta did open up membership to condoleezza rice. >> well, from the beginning, when there's a great drama taking, or controversy was taking about women, tiger woods and i were two of the few players that said, yes, they should allow women. others were noncommittal and no comment. i'm pleased i stuck to my guns, because you have a billion viewers, minimum, watching this tournament. maybe 2 billion, which half are women. so if you're any sort of a p.r. person, you have to include the woman. anyway, we live in the 21st century now. you should be including women. and condoleezza rice and the lady from ibm, they deserve to be members. an
and america personifies that. global america. >> gary, one of those global businesses, ibm, has been a sponsor of the masters for over a decade at this point. but augusta national has been mum on when it would extend membership to ibm's ceo, jenny, a woman. but they've invited the male ceos of ibm to have automatic memberships. i'm wondering what your take is on this matter? in 2012, augusta did open up membership to condoleezza rice. >> well, from the beginning, when there's a...
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Apr 17, 2014
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oppenheimer says to buy on earnings disappointment and that bank of america remains cheap. they add the costs are finite and manageable, by the way. >> they said it trades at 110 times tangible book value so that is cheap by historical measures. >> stock number two. alcoa. upgraded to sector perform from underperform at rbc capital. >> not a hugely bullish call, melissa, but part of the continued turn on alcoa. the stock's up 29% year to date. the performance has been stronger than anticipated. target price goes to 15 from $12. >> windtrust financial. upgraded to buy from neutral at d.a. davidson. >> i'm trying to still get over this fantastic, by the way. >> it's so great. you should speak like that. try. >> okay. >> new name to me. >> it's a new name to me. chicago. i'm terrible. chicago-based hinsdale lake forest banks among other, d.a. davidson increases their target on windtrust financial to $53 from wherever it is now. >> nice pop. 1.5% on the day. >> boardwalk pipeline upgraded to overweight from underweight. that should be me. at jpmorgan. >> and it was. was also up
oppenheimer says to buy on earnings disappointment and that bank of america remains cheap. they add the costs are finite and manageable, by the way. >> they said it trades at 110 times tangible book value so that is cheap by historical measures. >> stock number two. alcoa. upgraded to sector perform from underperform at rbc capital. >> not a hugely bullish call, melissa, but part of the continued turn on alcoa. the stock's up 29% year to date. the performance has been stronger...
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Apr 25, 2014
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. >> they guided higher on china, but cut estimates of sales in south america. how worrisome is that? >> it's concerning. south america is a big problem for everyone in the auto industry, though, this is not unique to ford. unfortunately it's probably not going to get any better any time soon. but, again, most of the earnings are coming from the united states, as china grows, that i equity will get better, but they can offset the headwinds. >>> talk to me, though, about ford and its ability, or if it has the ability, to take market share from gm right now? gm obviously is under the gun because of the various stories that are swirling around this company, the recall, the hearings on capitol hill, et cetera. is ford positioned to take market share from gm? if not ford, is there another company that might be poised to take market share from gm? >> market share in the u.s. market will probably be a continuation there here from what we've seen already, which is taking share, mostly by, if i remember right, chrysler and nissen. ford, too, they're gang shares in pickup
. >> they guided higher on china, but cut estimates of sales in south america. how worrisome is that? >> it's concerning. south america is a big problem for everyone in the auto industry, though, this is not unique to ford. unfortunately it's probably not going to get any better any time soon. but, again, most of the earnings are coming from the united states, as china grows, that i equity will get better, but they can offset the headwinds. >>> talk to me, though, about...
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Apr 10, 2014
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most of that is coming from north america. the en unconventional, the opportunities that we see here at home. >> fascinating. wide range of issues to discuss with ryan lance of conocophillips. >>> tomorrow's trade today. should you buy back into this market following the huge sell-off? we'll be right back. i have into. that's why i got a new windows 2 in 1. it has exactly what i need for half of what i thought i'd pay. and i don't need to be online for it to work. it runs office, so i can do schedules and budgets and even menu changes. but it's fun, too -- with touch, and tons of great apps for stuff like music, 'cause a good playlist is good for business. i need the boss's signature for this. i'm the boss. ♪ honestly ♪ i wanna see you be brave afghanistan, in 2009. orbiting the moon in 1971. [ male announcer ] once it's earned, usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection. and because usaa's commitment to serve current and former military members
most of that is coming from north america. the en unconventional, the opportunities that we see here at home. >> fascinating. wide range of issues to discuss with ryan lance of conocophillips. >>> tomorrow's trade today. should you buy back into this market following the huge sell-off? we'll be right back. i have into. that's why i got a new windows 2 in 1. it has exactly what i need for half of what i thought i'd pay. and i don't need to be online for it to work. it runs office,...
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Apr 7, 2014
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look at mexico and look at some of south america's economies. they obviously get a boost from the boost in the u.s., but what we see now is that we have seen the export trade commerce links are not picking up growth in em as much as it did in the past. so this is the problem. so we could actually see a couple of quarters even longer than that of good pick up in the u.s. economy growth. without a major effect in em. so manufacturers behind that, the import institution, et cetera, but i think in the main takeaway here is that em flows are returning slightly to em, especially on the bond side. the market is becoming a little bit less panicky when it comes to rising u.s. rates. >> you talk about the flow, this is kind of interesting. when flows were negative, when flows -- people cautioned about this, where do they profit without putting in em? >> we have been tracking this very closely over the past many, many months since they first started last year. and our perception is that a lot is going to european and u.s. equities. so there's not only a ro
look at mexico and look at some of south america's economies. they obviously get a boost from the boost in the u.s., but what we see now is that we have seen the export trade commerce links are not picking up growth in em as much as it did in the past. so this is the problem. so we could actually see a couple of quarters even longer than that of good pick up in the u.s. economy growth. without a major effect in em. so manufacturers behind that, the import institution, et cetera, but i think in...
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Apr 6, 2014
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carter, america wants to know, more pain ahead here? >> independent of these. monday is not likely to be a good day. let's take a look at these two stocks. amazon, first, what's important here, amazon is a well-formed heads and shoulders top. if you were to draw a trend line here and i apologize for being without a pen, it has broken trend and, more importantly, we have yet to fill this gap from october. and so the presumption is there's more to go. by contra distinction, netflix is still on trend. if you can visualize that with your eye. and important today's weakness we did fill this gap, so, amazon more of a topping-out formation, more deterioration. an unfilled gap. in the case of netflix, still on trend, if you will, and having checked off, the gap has been filled. again, if there is a follow through money, we think there will be, both stocks presummitively will be down. netflix has a better chance of providing some support in the balance here whereas amazon looks as though there's more to go on downside. >> based on carter's analysis, would you put a trad
carter, america wants to know, more pain ahead here? >> independent of these. monday is not likely to be a good day. let's take a look at these two stocks. amazon, first, what's important here, amazon is a well-formed heads and shoulders top. if you were to draw a trend line here and i apologize for being without a pen, it has broken trend and, more importantly, we have yet to fill this gap from october. and so the presumption is there's more to go. by contra distinction, netflix is still...
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Apr 29, 2014
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america is one of the biggest -- after the earnings report. wlet's take it live. >> thank you all for being here. shortly after the release of an audio recording this past saturday morning of a conversation that allegedly included clippers owner donald sterling, the nba commenced an investigation which among other things included an interview of mr. sterling. that investigation is now complete. the central findings of the investigation are that the man whose voice is heard on the recording and on a second recording from the same conversation that was released on sunday, is mr. sterling and that the hateful opinions voiced by that man are those of mr. sterling. the views expressed by mr. sterling are deeply offensive and harmful. that they came from an nba owner only heightens tand my personal outrage. sentiments of this kind of contrary to the principles of inclusion and respect that form the foundation of our diverse, multicultural and multiethnic league. i am personally distraught that the views expressed by mr. sterling came from within, an
america is one of the biggest -- after the earnings report. wlet's take it live. >> thank you all for being here. shortly after the release of an audio recording this past saturday morning of a conversation that allegedly included clippers owner donald sterling, the nba commenced an investigation which among other things included an interview of mr. sterling. that investigation is now complete. the central findings of the investigation are that the man whose voice is heard on the...
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Apr 7, 2014
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the state of education, jobs in america. america. [ male announcer ] when fixed income experts... ♪ ...work with equity experts... who work with regional experts... that's when expertise happens. mfs. because there is no expertise without collaboration. does. >>> prospecting for bitcoins. how so-called mining for virtual currency could get easier. the prospects for gold. the precious metal rallies after the jobs report. should investors expect more volatility? >>> and platinum picks. stocks that could add wealth to your portfolio. it's monday, april 7th, 2014. and "squawk box" begins right now. >>> good morning and welcome back to "squawk box". take a look at futures on this monday morning. see how things are setting themselves up for the day. can't say it's a good situation. could turn itself around. dow 22 points off. nasdaq down 18 points. s&p down as well. 4.5 points. 10-year, take a look at the 10-year. we flip the screen around. $2.719% is the number. reorganizing management fink planned to be at blackrock for years
the state of education, jobs in america. america. [ male announcer ] when fixed income experts... ♪ ...work with equity experts... who work with regional experts... that's when expertise happens. mfs. because there is no expertise without collaboration. does. >>> prospecting for bitcoins. how so-called mining for virtual currency could get easier. the prospects for gold. the precious metal rallies after the jobs report. should investors expect more volatility? >>> and...
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Apr 13, 2014
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does corporate america have trust issues? from auto recalls to cruiseline chaos, can you put your faith in big business. setting to boxes for your tv. apple, roku and now amazon, do you need one? should you cut the cable cord and which one is best. and if you haven't finished your taxes yet, you are not alone. what to do if you are down to the wire. "on the money" starts right now. >>> here's a look at what's making news as we head into a new week "on the money." if you are looking for a good description of a volatile market this week will do just fine. it's been a little chaos i can. the nasdaq falling more than 3% on thursday, that was its worst one day decline since november of 2011. it was all about concerns about the valuation of momentum stocks, especially biotech. the dow and s&p 500 weren't behind. each down 2%. and the markets continued to fall on friday. earnings seasons kicked off with j.p. morgan chase falling short of estimates. wells fargo beat, as did alcoa. the federal reserve's open market committee released
does corporate america have trust issues? from auto recalls to cruiseline chaos, can you put your faith in big business. setting to boxes for your tv. apple, roku and now amazon, do you need one? should you cut the cable cord and which one is best. and if you haven't finished your taxes yet, you are not alone. what to do if you are down to the wire. "on the money" starts right now. >>> here's a look at what's making news as we head into a new week "on the money." if...
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Apr 14, 2014
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then on wednesday, bank of america, american express and ibm. on thursday, it's a huge day because blackstone, dupont, ge, morgan stanley, pepsico and many more on the calendar. i can't say it in one breath. here are the numbers for citigroup, the giant is expected to report a profit of $1.14 a share on revenue of $19.3 billion. we'll have the analysis and people are looking for any comments on what is going on with the criminal probe in mexico. >>> also, one piece of data on economic data today. the retail sales report from march is due out at 8:30 a.m. eastern time. and economists expect the rise of .8% following 8.3% advance in february. that's the corporate news. i think our good friend michelle caruso-cabrera, even though she's here we have more on the international news. >> a deadline for pro-russian militants have come and gone four hours ago. as a result, ukraine is threatening a full-scale anti-terrorist operation if the protesters refuse to leave. they also offered amnesty to protesters to lay down their arms, but anyone who supported
then on wednesday, bank of america, american express and ibm. on thursday, it's a huge day because blackstone, dupont, ge, morgan stanley, pepsico and many more on the calendar. i can't say it in one breath. here are the numbers for citigroup, the giant is expected to report a profit of $1.14 a share on revenue of $19.3 billion. we'll have the analysis and people are looking for any comments on what is going on with the criminal probe in mexico. >>> also, one piece of data on economic...
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Apr 30, 2014
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especially, the retail stores in north america. worldwide and very nicely on the e-commerce space. i think it's a bit of a misnomer to classify a business as a teen business. the consumer is -- youth-oriented brand. >> okay. >> but i'd say the consumer's more in the early 20s. >> what are your personal goals, sir? is this something in five years you want to be a big brand? or if it doesn't -- at a certain point, interested in billabond, dough yo say i've cleaned it up, now i can sell it. this is a job that is probably 18 hours a day, 7 days a week. >> i love the job, i love the brands, and we're a public company. and if we ever get to that point where someone was interested, of course, we'd have to consider that. but my immediate focus is just to really make these brands shine as we did when we were first introduced 20 to 40 years ago in the case of quiksilver. and get the business on track and get the top line moving again. >> excellent. well, you're a level-headed guy from your background and the way you talk. i think people shou
especially, the retail stores in north america. worldwide and very nicely on the e-commerce space. i think it's a bit of a misnomer to classify a business as a teen business. the consumer is -- youth-oriented brand. >> okay. >> but i'd say the consumer's more in the early 20s. >> what are your personal goals, sir? is this something in five years you want to be a big brand? or if it doesn't -- at a certain point, interested in billabond, dough yo say i've cleaned it up, now i...
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Apr 8, 2014
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it's core to america's success. how does this help create one incremental job anywhere in america? it doesn't. it retards the process. i have no problem paying women more than men if they're better at their jobs, if they excel at what they do. there is no place for this kind of thinking. >> well, wait a second. >> that's what we don't need right now. >> how so? >> tell me how it creates another job in america. >> first of all, creating jobs is not the ultimate good -- >> it's the only thing we should be worried about. >> no, it's not the -- >> no way. >> it solves all the problems we're having right now. >> it does not. if you're not fair, and there are people paying women less systematically, creating worse jobs and paying women less doesn't do anybody any good except the person getting the discount. >> companies that even try to do that go bankrupt. everybody knows that makes no sense at all. the market determines the value of work, and let it do what it did for 200 years in america. creating the greatest economy on earth. we are putting shackles on it with policies like this. ev
it's core to america's success. how does this help create one incremental job anywhere in america? it doesn't. it retards the process. i have no problem paying women more than men if they're better at their jobs, if they excel at what they do. there is no place for this kind of thinking. >> well, wait a second. >> that's what we don't need right now. >> how so? >> tell me how it creates another job in america. >> first of all, creating jobs is not the ultimate good...
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Apr 9, 2014
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gdx. >> karen. >> bank of america. you're going to start to see earnings on friday. i like it here. >> who sat next to you last night? anthony? >> stud muffin. >> he mentioned delta specifically. i think it continues its rise. >> it's the sense. >> there you go. >> all right. i'm melissa lee, thanks so much fo meantime, "mad money" with jim cramer starts right now. >>> my mission is simple. to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere. i promise to help you find it. "mad money" starts now. hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends. i'm just trying to save you money. my job isn't just to entertain but to teach you. call me at 1-800-743-cnbc. or tweet me @jimcramer. what stops a sell-off in its tracks?
gdx. >> karen. >> bank of america. you're going to start to see earnings on friday. i like it here. >> who sat next to you last night? anthony? >> stud muffin. >> he mentioned delta specifically. i think it continues its rise. >> it's the sense. >> there you go. >> all right. i'm melissa lee, thanks so much fo meantime, "mad money" with jim cramer starts right now. >>> my mission is simple. to make you money. i'm here to level...
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Apr 22, 2014
04/14
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for growth to return in north america. >> okay. well, again, we will continue to decline the stock. >> valeant farm sue cals offering cash and stocks for allegan. bill ackman on set with us. he bought almost 10%. >> right. >> if he went over 10, he would know we did it. >> yeah. he started accumulating. started accumulating really fast. that's the point from which they are calculating the high premium. it's on top of $116.63. day before he crashed the 5% threshold. i did a quick back of the envelope on what this represents. based on valeant, this represents a 16% premium to where allergan closed. so getting to $165.33 for this offer. getting you to about $49 billion in this deal. so 16% premium is not as high as we have seen in the deals in the past. interesting valeant has gone after big companies. they came in as a white knight. looking at this statement they just put out, they printed a later they sent to david piatt. they had been going after allergan 18 months. >> the way they structured the deal is to convince the allergan sh
for growth to return in north america. >> okay. well, again, we will continue to decline the stock. >> valeant farm sue cals offering cash and stocks for allegan. bill ackman on set with us. he bought almost 10%. >> right. >> if he went over 10, he would know we did it. >> yeah. he started accumulating. started accumulating really fast. that's the point from which they are calculating the high premium. it's on top of $116.63. day before he crashed the 5% threshold....
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Apr 1, 2014
04/14
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there's captain america. actually the real captain america's up on the balcony today ringing the opening bell. chris evans stars of marvel's "captain america the winter soldier" which, of course, opens on friday. we talked a lot about "frozen" and its effect on disney earlier in the week but this will be a potential blockbuster and people laughed when they bought marvel, not laughing so much anymore. >> i'm glad you mentioned that because i remember when the stock got hammered on the buy. wait a second, it's a one-trick pony. iger looking at this franchise and saying it will generate hit after hit after hit and people looking askance. it generates hit after hit after hit. >> yeah. not to mention disney's market value is, where are we on disney? oh, yeah, about $140 billion a that would be. >> makes every sense when you consider espn, when you consider abc, when you consider all of the huge, huge hits that will come at the theme parks from these things. >> correct. >> yeah. >> and not to mention pixar, marvel
there's captain america. actually the real captain america's up on the balcony today ringing the opening bell. chris evans stars of marvel's "captain america the winter soldier" which, of course, opens on friday. we talked a lot about "frozen" and its effect on disney earlier in the week but this will be a potential blockbuster and people laughed when they bought marvel, not laughing so much anymore. >> i'm glad you mentioned that because i remember when the stock got...
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Apr 7, 2014
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bank of america putting new lows for 2014. >> the lose ws of the day was morgan and golden sax. at one point morgan stanley was gone 1%. i think jpmorgan, wells mfargo started monday morning. there's a lot of good news in the stocks. a lot of the cost cutting has been done. earnings growth is going to be harder to come by. i don't think it's as easy a trade. i know you own them and like them. when we see their guidance going forward, when we don't see the trading that got their stocks here, that's got to be a disappointment. >> they have all had a pretty healthy decline. >> i think first off jpmorgan, i think on friday both wells fargo and jpmorgan i think the bar is getting lower as the stocks go lower. i'm going to hold going into that. i also think they have a very good feel about what's going on in corporate america and i think -- i'll be interested in the commentary of how they see this recovery developing. do they cithink it stalled or momentum there. i like getting into earnings. clearly on a day like today i'm going to lose money for sure. i'm looking for things to buy,
bank of america putting new lows for 2014. >> the lose ws of the day was morgan and golden sax. at one point morgan stanley was gone 1%. i think jpmorgan, wells mfargo started monday morning. there's a lot of good news in the stocks. a lot of the cost cutting has been done. earnings growth is going to be harder to come by. i don't think it's as easy a trade. i know you own them and like them. when we see their guidance going forward, when we don't see the trading that got their stocks...
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Apr 29, 2014
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north america is the lamgest market for coach and largest problem too. international sales rose 14%, with sales in china specifically strong up 25%. but you isolate north american sales and get an 18% decline year over year. new ceo victor luis blames north america sales on weather and late easter. though on the conference call executive says they don't see any improvement in u.s. comps in the current quarter and expect sales to fall about 10%. weather and a late easter don't explain that. beyond q4 he refers twice in the release to excitement around the fall collection led by new creative director. on the conference call coach says it hasn't tested any of the new product. cnbc contributor stacy widlet says no pressure, stuart. believe it or not, not even though shares are down more than 8% right now, the street may be giving coach a pass on the terrible quarter because so many are looking towards the influence that shoppers will finally see in the fall for the very first time. coach shares have traded in a relatively narrow range over the pass three mon
north america is the lamgest market for coach and largest problem too. international sales rose 14%, with sales in china specifically strong up 25%. but you isolate north american sales and get an 18% decline year over year. new ceo victor luis blames north america sales on weather and late easter. though on the conference call executive says they don't see any improvement in u.s. comps in the current quarter and expect sales to fall about 10%. weather and a late easter don't explain that....
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Apr 15, 2014
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in north america. >> it is supposed to be flat. nothing is supposed to be flat. >> it is flat like the numbers. >> you have pepsi with all the other stuff that some people think they should spin off. >> snacks. it is like peanut butter and jelly. >> or a tuna company should buy a mayo company. >> just put them together. maybe lemon too. fishy stuff. you put lemon on fishy stuff. you've got to. lemon or lime. >> let's get reaction to the numbers. joining us on squawk news line, bill schmidt from deutsche bank. any of the numbers, bill, different than what you had? sharply higher or sharply lower? >> the buy side, at least the negative number was 0% to 1%, which is the case volume of product they sold. i think it is a little bit of relief for people. >> yeah. in north america, what's most important for coke? north american or international? >> it has always been international. that's where we live. that's where the data comes from. >> where do they need to do better internationally? >> latin america is a little bit of a trouble spot.
in north america. >> it is supposed to be flat. nothing is supposed to be flat. >> it is flat like the numbers. >> you have pepsi with all the other stuff that some people think they should spin off. >> snacks. it is like peanut butter and jelly. >> or a tuna company should buy a mayo company. >> just put them together. maybe lemon too. fishy stuff. you put lemon on fishy stuff. you've got to. lemon or lime. >> let's get reaction to the numbers. joining...
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Apr 2, 2014
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with strength growing in the middle east and latin america. look, at the end of the day, there's so much oil out there, especially in the united states, but there's a fixed quantity of rigs for drilling oil and takes time for the industry to build new ones. right now, supply is getting tighter, and that's a trend i see continuing, which is very good news for nbr. the stock has been playing catch-up to the rest of the drillers and i bet it keeps doing so as this is one of those cyclical companies that could be looking at tremendous growth for the rest of 2014 now that business is getting better. tyson, though, tyson's a different story. tyson while it is no longer your father's tyson and decommoditized, it's still exposed to commodities much more than nabors is. this has a lot of moving parts. the business is all about managing margins, how much they make after raising and selling their merchandise. and right now, things may be looking a bit grim on that front. you see, last year, we had a huge decline in the price of corn, tyson's feed and a t
with strength growing in the middle east and latin america. look, at the end of the day, there's so much oil out there, especially in the united states, but there's a fixed quantity of rigs for drilling oil and takes time for the industry to build new ones. right now, supply is getting tighter, and that's a trend i see continuing, which is very good news for nbr. the stock has been playing catch-up to the rest of the drillers and i bet it keeps doing so as this is one of those cyclical...
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Apr 22, 2014
04/14
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and parts of south america. drought from asia to australia. could mean higher cocoa and coffee prices, wheat in some places, but lower corn and soy bean prices. it would be cheaper to feed bessie, so some meat prices could come down. it could also impact metals. nickel supplies are already expected to be light this year. michael hague tracks about a dozen commodities that could be impacted. he said it may impact energy prices, if we have a cooler summer and maybe a warmer winter, wouldn't that be nice. >> they are calling for an event that rivals the event in '97-'98, which is dramatic. but for some commodities, you don't even need that. the case of palm oil, a classic example where i think it was in 2000 where we had this event. but it was moderate, prices still doubled. >> three sectors to watch, meat producers. they'll benefit from lower food costs. beef in particular, because more rains will mean pasture lands, so u.s. cattle ranchers can begin to rebuild the herds after years of drought. and finally, look at this chart. el nino could caus
and parts of south america. drought from asia to australia. could mean higher cocoa and coffee prices, wheat in some places, but lower corn and soy bean prices. it would be cheaper to feed bessie, so some meat prices could come down. it could also impact metals. nickel supplies are already expected to be light this year. michael hague tracks about a dozen commodities that could be impacted. he said it may impact energy prices, if we have a cooler summer and maybe a warmer winter, wouldn't that...
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Apr 14, 2014
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while both trends are bad for america, and how to fix it. all on "street signs" after this short break. see you there. see you there. peace of mind is important when you're running a successful business. so we provide it services you can rely on. with centurylink as your trusted it partner, you'll experience reliable uptime for the network and services you depend on. multi-layered security solutions keep your information safe, and secure. and responsive dedicated support meets your needs, and eases your mind. centurylink. your link to what's next. afghanistan, in 2009. orbiting the moon in 1971. [ male announcer ] once it's earned, usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection. and because usaa's commitment to serve current and former military members and their families is without equal. begin your legacy. get an auto insurance quote. usaa. we know what it means to serve. you want a loan to build you can't do that.ica? nobody builds factories in the us anymore... you
while both trends are bad for america, and how to fix it. all on "street signs" after this short break. see you there. see you there. peace of mind is important when you're running a successful business. so we provide it services you can rely on. with centurylink as your trusted it partner, you'll experience reliable uptime for the network and services you depend on. multi-layered security solutions keep your information safe, and secure. and responsive dedicated support meets your...
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Apr 28, 2014
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at your ford dealer. have been there for america. fannhelping millions realize their dreams of homeownership. and when fannie mae and freddie mac needed help, america was there for them. today, fannie mae and freddie mac celebrate payment in full to taxpayers. together, we've created one of the greatest comebacks in our nation's history. so, let's preserve and strengthen fannie mae and freddie mac. because without them there really could be no place like home. [ girl ] my mom, she makes underwater fans that are powered by the moon. ♪ she can print amazing things, right from her computer. [ whirring ] [ train whistle blows ] she makes trains that are friends with trees. ♪ my mom works at ge. ♪ >>> welcome back to "power lunch." humphries downgraded the stock. marriott will report first quarter earnings tomorrow. the street is looking for a gain of 51 cents a share. that stock is currently down toward session lows, about 3.5% to the down side. back over to you. >> thank you, dom. >> stocks are given up their gains. s&p is flat fo
at your ford dealer. have been there for america. fannhelping millions realize their dreams of homeownership. and when fannie mae and freddie mac needed help, america was there for them. today, fannie mae and freddie mac celebrate payment in full to taxpayers. together, we've created one of the greatest comebacks in our nation's history. so, let's preserve and strengthen fannie mae and freddie mac. because without them there really could be no place like home. [ girl ] my mom, she makes...